A joint statement said this plan, when implemented, would entail a potential total investment in excess of $5 billion in next 3-5 years.
“They briefed me about their plans. I encouraged them to invest more to help in India’s energy security,” Moily said.
Chairman RIL, Mukesh Ambani said the “BP and RIL partnership is focused on finding more hydrocarbons. We hope to significantly contribute to India’s domestic production.”
“We will bring all our expertise in deep water to explore the prolific gas basins in India,” said Dudley.